National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Czech Republic
Growth rate same period previous year, Annual
NAEXKP02CZA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.45
Year-over-Year Change
-459.41%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the annual growth rate in real gross domestic product (GDP) for China, comparing the current year to the same period in the previous year. It provides insight into the pace of economic expansion or contraction in the world's second-largest economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The annual growth rate in real GDP is a key indicator of China's overall economic performance. It is widely followed by policymakers, investors, and analysts to assess the trajectory of the Chinese economy and its implications for global markets and trade.
Methodology
The data is calculated by the U.S. Federal Reserve based on official GDP figures reported by the National Bureau of Statistics of China.
Historical Context
This trend is used to inform economic forecasts, fiscal and monetary policy decisions, and investment strategies.
Key Facts
- China is the world's second-largest economy.
- Real GDP growth averaged 9.5% annually from 2000-2019.
- The COVID-19 pandemic caused China's GDP to contract in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual growth rate in real gross domestic product (GDP) for China, comparing the current year to the same period in the previous year.
Q: Why is this trend relevant for users or analysts?
A: The annual growth rate in real GDP is a key indicator of China's overall economic performance and is widely followed by policymakers, investors, and analysts to assess the trajectory of the Chinese economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on official GDP figures reported by the National Bureau of Statistics of China.
Q: How is this trend used in economic policy?
A: This trend is used to inform economic forecasts, fiscal and monetary policy decisions, and investment strategies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and potential revisions by the National Bureau of Statistics of China.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP02CZA659S), retrieved from FRED.